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Topic - Platinum Mining
Apr 21, 2016
Chris Griffith
The refined platinum production of platinum mining company Anglo American Platinum (Amplats) halved in the three months to March 31, when metal-in-concentrate output rose 4% . Refined production plummeted 52% to 261 000 oz on a Section 54 work stoppage that closed...
Apr 20, 2016
Neal Froneman
Mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion ($250-million) on its gold assets in its 2016 financial year. Sibanye CEO Neal Froneman told the European Gold Forum in Zurich on Wednesday that capital investment of R1.6-billion...
Apr 18, 2016
Jean Nel
Gold-mining company Sibanye has revised its organisational structures in anticipation of imminent entry into platinum mining. As it becomes a multi-commodity business, Sibanye headed by CEO Neal Froneman will be restructured into separate, commodity specific...
Apr 15, 2016
AFRICAN ENERGY AWARDS Both Nicole Barwise and Vuselela Energy were awarded the R300 000 innovation prize
To encourage the innovation of a system that generates and transmits power independently, this year’s African Energy Awards, held in Sandton, Gauteng, last month, awarded the innovation prize to a urine-powered battery system and an Eternity power thermal harvesting...
Apr 14, 2016
Steve Phiri
January 1 to March 31 has proved a solid three months for Royal Bafokeng Platinum (RBPlat). The Johannesburg Stock Exchange-listed platinum mining company, controlled by the 100 000-strong Bafokeng community, used operational flexibility, stability and strategy to...
Feb 08, 2016
Amplats executive head of marketing Andrew Hinkly
The outlook for platinum demand in the next five years is very positive, Anglo American Platinum executive head marketing Andrew Hinkly said on Monday. Speaking at the 2016 Investing in African Mining Indaba, Hinkly said that the continued requirement for clean...
Jan 11, 2016
The Chamber of Mines of Zimbabwe (COMZ) is anticipating little improvement in production and prices for most metals mined in the country, despite an easing in power supplies after Zimbabwe inked a deal to import power from Eskom. Following media reports in Zimbabwe...
Oct 22, 2015
Muhammad Saloojee
The South African mining industry has until October 31 to comment on the first round of recommendations of the Davis Committee on Tax, several of which are seen as having the potential to fundamentally change South Africa’s mining landscape for the worse. Many...
Sep 10, 2015
Sep 04, 2015
Sep 03, 2015
May 25, 2015
Apr 02, 2015
Jan 30, 2015
A platinum export levy announced by the Zimbabwe government in 2013 remains mired in uncertainty, after the planned deferral of the tax to 2017, was not provided for in the country’s 2015 Finance Bill, gazetted on January 9. Platinum majors Impala Platinum (Implats)...
Dec 11, 2014
Terence Goodlace
South Africa’s second-largest platinum mining company is selling shares in the company’s primary operational subsidiary to employees in a R1.1-billion deal. The JSE-listed Inplats said on Thursday that it had concluded a vendor-financed equity transaction with Impala...
Dec 03, 2014
Sep 01, 2014
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) rose by 3.1 index points to 49 in August, signalling a return to more normal manufacturing output levels following months of production disruptions owing to industrial action in the platinum mining and...
Aug 08, 2014
Aug 05, 2014
RBPlat CEO Steve Phiri
Black-controlled platinum mining company Royal Bafokeng Platinum (RBPlat), which managed to maintain operational stability in a sector wracked by violent strikes, on Tuesday reported increased production, revenue and earnings. Production rose 3% to 134 229 platinum...
Aug 01, 2014
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) has contracted for the fourth consecutive month, signalling the manufacturing sector’s continued subpar performance. The index “expectedly” fell from 46.6 in June to 45.9 index points in July, owing to...
Jul 16, 2014
South Africa’s platinum mining sector would benefit more from implementing fully mechanised systems, rather than retrofitting existing systems or making use of hybrid systems, Tomahee Consulting senior consultant Alastair Macfarlane said on Wednesday. Speaking at the...
Jun 04, 2014
Mineral Resources Minister Ngoako Ramatlhodi
South Africa’s three biggest platinum-mining companies will resume a Ministerial meeting on Thursday after considering the latest unpublished wage proposal of the Association of Mineworkers and Construction Union (AMCU). New Mineral Resources Minister Advocate Ngoako...
May 30, 2014
Platinum miners Anglo American Platinum (Amplats), Impala Platinum (Impats) and Lonmin on Thursday strongly refuted allegations by Association of Mineworkers and Construction Union (AMCU) negotiator Brian Ashley that the platinum mining companies “might be guilty of...
May 23, 2014
Zimplats CEO and Zimbabwe Chamber of Mines president Alex Mhembere
Zimbabwe-based platinum producer Zimplats, in conjunction with platinum mining companies Mimosa and Unki, would start the refurbishment of Zimplats’ Selous-based base-metal refinery (BMR) by July this year and recommission the facility over a 24-month period,...
May 13, 2014
Flashback to when Amplats CEO Chris Griffith (centre) made workers half millionaires at Kumba in 2011
Most executives in platinum mining had not received long-term incentive pay for the last six years because of the poor state of the industry, Anglo American Platinum (Amplats) CEO Chris Griffith said on Tuesday. Questioned by Radio 702 talk-show host John Robbie on...
May 13, 2014
The Chamber of Mines of South Africa on Tuesday condemned “in the strongest terms” the “brutal” murder of two mineworkers in the Rustenburg area. This denunciation follows the condemnation of acts of violence against employees intent on returning to work by South...
May 12, 2014
Lonmin CEO Ben Magara
The overwhelming wish of employees to return to work should be upheld, Lonmin CEO Ben Magara pleaded on Monday as the massive strike in the platinum belt entered its 16th week. Magara said that the immediate focus was to get the business back up and operational but...
Mar 28, 2014
Implat's Johan Theron
Mechanising the Leeuwkop mine near Brits in North West is bad news for South Africans desperate for work, United Democratic Movement leader Bantu Holomisa said on Friday. "The [platinum sector] strike has gone on for too long and inevitable retrenchments are...
Mar 27, 2014
Outgoing Deputy President Kgalema Motlanthe
The representatives of mining companies, labour and government on Thursday recommitted their organisations to soldiering on together to stabilise the strike-hit South African mining industry. Outgoing Deputy President and one-time mineworker Kgalema Motlanthe again...
Mar 03, 2014
Implats's Gerhard Potgieter
JSE-listed platinum mining company Impala Platinum (Implats) has embarked on a strategy to research and develop modern mechanised mining methods and to expand them to all parts of the group. Implats CEO Terence Goodlace ruled out the perpetuation of current mining...
Feb 25, 2014
Increased demand for chemical explosives by the South African mining sector drove speciality group AECI’s earnings for the year ended December 31 northwards, pointing to a stronger minerals industry than that of 2012. However, strikes in the platinum mining industry...
Feb 21, 2014
Retiring Northam CEO Glyn Lewis
JSE-listed platinum mining company Northam has recorded its first operating loss since 1998 after its Zondereinde mine was hit by an 11-week strike. The traditionally solid performer, headed by retiring CEO Glyn Lewis, slumped to a total comprehensive loss of...
Feb 21, 2014
Mechanical engineer Rod Pickering spent 20 years at the Chamber of Mines Research Organisation (Comro) running the stoping technology laboratory, the part of the now-defunct Comro that focused on hard rock, narrow-reef mining. After leaving Comro in 1996, he spent...
Jan 29, 2014
Jan 23, 2014
Jan 21, 2014
As the Association of Mineworkers and Construction Union (AMCU) gear up to lead a strike in the gold and platinum mining sectors from Thursday, concerns are being voiced that labour unrest could unhinge an already strained industry. As multiple mining majors brace...
Nov 13, 2013
Increasing costs and continued industrial action in the 2013 fiscal period has, in combination with lower production and international demand weakness, driven shrinking margins and R25-billion in impairments for majors in the South African mining sector. This was...
Oct 18, 2013
Sep 20, 2013
Computer software designed specifically for health and safety training in various real-life environments is suitable for any industry and is achieving positive results in South Africa and worldwide, video and multimedia production company The Boiler Room tells...
Aug 23, 2013
May 15, 2013
Apr 16, 2013
Although the Chamber of Mines (CoM) was expecting to receive a formal response from the Association of Mineworkers and Construction Union (Amcu) regarding its proposed formation of a centralised bargaining forum for the platinum sector soon, Amcu president Joseph...
Mar 29, 2013
I spent my youth on mines – in particular, on gold mines – and I have more or less seen mining operations of one kind or another every year for the last 30 years. Mines in Africa, that is.
Mar 01, 2013
Plans to review Lonmin PLC's operating structure were being discussed with unions, the platinum mining company said on Thursday. The company said in a statement the new structure, which would probably affect 150 management positions, was part of its renewal plan...
Jan 11, 2013
Impala Platinum (Implats) on Friday concluded a nonbinding term sheet with the Zimbabwe Ministry of Youth Development, Indigenisation and Empowerment for the sale of a 51% stake of its Zimbabwe subsidiary Zimplats to various indigenous entities for $971-million....
Dec 05, 2012
The past six months have seen 3 332 workers lose their jobs in the platinum-mining sector, Mineral Resources Minister Susan Shabangu said. In a November 23 response to a Parliamentary question, published this week, Shabangu said that an “unfavourable economic...
Dec 03, 2012
DCD’s Mining & Energy cluster, supplying products and components for mining activities and power generation plants, has bedded down exceptionally well following the 2012 restructure of the group and is well positioned to achieve growth across all its market segments...
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